Polytec Holding
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Polytec Holding AG, together with its subsidiaries, manufactures and sells engine bay or vehicle exterior components and modules for the automotive industry in Austria, Germany, Rest of European Union, and internationally. The last earnings update was 20 days ago. More info.
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PYT Share Price and Events
7 Day Returns
1 Year Returns
PYT Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Polytec Holding (PYT) | 11.4% | 19.6% | 8.6% | -32.3% | 26.6% | 38.8% |
| Europe Auto Components | 6.9% | 10.9% | 19.9% | -21.7% | -5.7% | 6% |
| AT Market | 3.4% | 6% | 10.1% | -2% | 43.4% | 29.5% |
1 Year Return vs Industry and Market
- PYT underperformed the Auto Components industry which returned -21.7% over the past year.
- PYT underperformed the Market in Austria which returned -2% over the past year.
PYT Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Polytec Holding
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Polytec Holding.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 4 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 10.6% |
| Perpetual Growth Rate | 10-Year AT Government Bond Rate | 0.5% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year AT Govt Bond Rate | 0.5% |
| Equity Risk Premium | S&P Global | 6.5% |
| Auto Components Unlevered Beta | Simply Wall St/ S&P Global | 1.16 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.157 (1 + (1- 25%) (77.26%)) |
1.555 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.55 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.51% + (1.555 * 6.51%) |
10.63% |
Discounted Cash Flow Calculation for WBAG:PYT using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Polytec Holding is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (EUR, Millions) | Source |
Present Value Discounted (@ 10.63%) |
|
|---|---|---|---|
| 2019 | -1.85 | Analyst x2 | -1.67 |
| 2020 | 21.80 | Analyst x2 | 17.81 |
| 2021 | 27.35 | Analyst x2 | 20.20 |
| 2022 | 28.80 | Analyst x1 | 19.23 |
| 2023 | 28.30 | Analyst x1 | 17.08 |
| 2024 | 28.00 | Est @ -1.07% | 15.27 |
| 2025 | 27.83 | Est @ -0.6% | 13.72 |
| 2026 | 27.75 | Est @ -0.27% | 12.37 |
| 2027 | 27.75 | Est @ -0.03% | 11.18 |
| 2028 | 27.78 | Est @ 0.13% | 10.12 |
| Present value of next 10 years cash flows | €135.29 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= €27.78 × (1 + 0.51%) ÷ (10.63% – 0.51%) |
€275.88 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= €275.88 ÷ (1 + 10.63%)10 |
€100.45 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= €135.29 + €100.45 |
€235.73 |
| Equity Value per Share (EUR) |
= Total value / Shares Outstanding
= €235.73 / 22.00 |
€10.72 |
| Calculation | Result | |
|---|---|---|
| Value per share (EUR) | From above. | €10.72 |
| Current discount | Discount to share price of
€10.32
= -1 x (€10.32 - €10.72) / €10.72 |
3.7% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Polytec Holding's share price is below the future cash flow value, but not at a moderate discount (< 20%).
- Polytec Holding's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Polytec Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Polytec Holding's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in EUR | €1.32 |
| WBAG:PYT Share Price ** | WBAG (2019-04-18) in EUR | €10.32 |
| Europe Auto Components Industry PE Ratio | Median Figure of 42 Publicly-Listed Auto Components Companies | 13.18x |
| Austria Market PE Ratio | Median Figure of 51 Publicly-Listed Companies | 14.73x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Polytec Holding.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = WBAG:PYT Share Price ÷ EPS (both in EUR) = 10.32 ÷ 1.32 |
7.8x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Polytec Holding is good value based on earnings compared to the Europe Auto Components industry average.
- Polytec Holding is good value based on earnings compared to the Austria market.
Price based on expected Growth
Does
Polytec Holding's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 7.8x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts |
4.8%per year |
| Europe Auto Components Industry PEG Ratio | Median Figure of 33 Publicly-Listed Auto Components Companies | 1.1x |
| Austria Market PEG Ratio | Median Figure of 32 Publicly-Listed Companies | 1.34x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 7.8x ÷ 4.8% |
1.61x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Polytec Holding is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Polytec Holding's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in EUR | €10.49 |
| WBAG:PYT Share Price * | WBAG (2019-04-18) in EUR | €10.32 |
| Europe Auto Components Industry PB Ratio | Median Figure of 47 Publicly-Listed Auto Components Companies | 1.48x |
| Austria Market PB Ratio | Median Figure of 59 Publicly-Listed Companies | 1.27x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = WBAG:PYT Share Price ÷ Book Value per Share (both in EUR) = 10.32 ÷ 10.49 |
0.98x |
* Primary Listing of Polytec Holding.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Polytec Holding is good value based on assets compared to the Europe Auto Components industry average.
Value checks
We assess Polytec Holding's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Auto Components industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Auto Components industry average (and greater than 0)? (1 check) Polytec Holding has a total score of 3/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
PYT Future Performance
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Polytec Holding's earnings growth is expected to exceed the low risk savings rate of 0.5%.
Growth vs Market Checks
- Polytec Holding's earnings growth is positive but not above the Austria market average.
- Polytec Holding's revenue growth is positive but not above the Austria market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| WBAG:PYT Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts | 4.8% |
| WBAG:PYT Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts | 2.5% |
| Europe Auto Components Industry Earnings Growth Rate | Market Cap Weighted Average | 7.1% |
| Europe Auto Components Industry Revenue Growth Rate | Market Cap Weighted Average | 4.4% |
| Austria Market Earnings Growth Rate | Market Cap Weighted Average | 9% |
| Austria Market Revenue Growth Rate | Market Cap Weighted Average | 2.7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 720 | 2 | ||
| 2022-12-31 | 699 | 2 | ||
| 2021-12-31 | 673 | 65 | 33 | 3 |
| 2020-12-31 | 660 | 61 | 31 | 4 |
| 2019-12-31 | 641 | 49 | 28 | 4 |
| Date (Data in EUR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 639 | 31 | 29 |
| 2018-09-30 | 651 | 34 | 30 |
| 2018-06-30 | 660 | 44 | 32 |
| 2018-03-31 | 669 | 39 | 37 |
| 2017-12-31 | 678 | 38 | 38 |
| 2017-09-30 | 678 | 53 | 45 |
| 2017-06-30 | 674 | 63 | 46 |
| 2017-03-31 | 673 | 69 | 42 |
| 2016-12-31 | 653 | 71 | 36 |
| 2016-09-30 | 645 | 61 | 28 |
| 2016-06-30 | 643 | 61 | 25 |
| 2016-03-31 | 630 | 57 | 24 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
All data from Polytec Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 1.50 | 1.60 | 1.40 | 2.00 |
| 2020-12-31 | 1.38 | 1.46 | 1.26 | 4.00 |
| 2019-12-31 | 1.26 | 1.30 | 1.23 | 3.00 |
| Date (Data in EUR Millions) | EPS * |
|---|---|
| 2018-12-31 | 1.32 |
| 2018-09-30 | 1.34 |
| 2018-06-30 | 1.47 |
| 2018-03-31 | 1.69 |
| 2017-12-31 | 1.74 |
| 2017-09-30 | 2.03 |
| 2017-06-30 | 2.09 |
| 2017-03-31 | 1.91 |
| 2016-12-31 | 1.65 |
| 2016-09-30 | 1.28 |
| 2016-06-30 | 1.11 |
| 2016-03-31 | 1.08 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Polytec Holding's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Polytec Holding has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
PYT Past Performance
How has Polytec Holding performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Polytec Holding has delivered over 20% year on year earnings growth in the past 5 years.
- Polytec Holding's 1-year earnings growth is negative, it can't be compared to the 5-year average.
- Polytec Holding's 1-year earnings growth is negative, it can't be compared to the Europe Auto Components industry average.
Earnings and Revenue History
All data from Polytec Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in EUR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 639.38 | 29.12 | 226.88 | |
| 2018-09-30 | 650.89 | 29.50 | 228.74 | |
| 2018-06-30 | 659.78 | 32.26 | 227.15 | |
| 2018-03-31 | 669.22 | 37.25 | 225.88 | |
| 2017-12-31 | 677.72 | 38.24 | 224.27 | |
| 2017-09-30 | 678.04 | 44.69 | 221.76 | |
| 2017-06-30 | 674.29 | 45.91 | 220.07 | |
| 2017-03-31 | 673.32 | 41.98 | 222.16 | |
| 2016-12-31 | 652.59 | 36.30 | 220.86 | |
| 2016-09-30 | 644.75 | 28.08 | 233.27 | |
| 2016-06-30 | 643.03 | 24.57 | 229.74 | |
| 2016-03-31 | 629.61 | 23.72 | 223.00 | |
| 2015-12-31 | 628.10 | 23.72 | 219.48 | |
| 2015-09-30 | 600.89 | 21.63 | 200.89 | |
| 2015-06-30 | 565.00 | 18.77 | 192.28 | |
| 2015-03-31 | 530.47 | 16.29 | 181.19 | |
| 2014-12-31 | 492.62 | 13.56 | 169.52 | |
| 2014-09-30 | 486.62 | 14.33 | 168.75 | |
| 2014-06-30 | 484.74 | 13.58 | 166.93 | |
| 2014-03-31 | 486.02 | 14.34 | 166.35 | |
| 2013-12-31 | 479.16 | 14.32 | 164.55 | |
| 2013-09-30 | 470.61 | 14.47 | 160.75 | |
| 2013-06-30 | 473.78 | 17.11 | 160.59 | |
| 2013-03-31 | 471.07 | 17.10 | 160.77 | |
| 2012-12-31 | 483.06 | 21.69 | 161.24 | |
| 2012-09-30 | 493.68 | 19.99 | 166.46 | |
| 2012-06-30 | 496.30 | 20.84 | 166.15 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Polytec Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Polytec Holding used its assets more efficiently than the Europe Auto Components industry average last year based on Return on Assets.
- Polytec Holding's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Polytec Holding's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Auto Components industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Polytec Holding has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
PYT Health
How is Polytec Holding's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Polytec Holding's finances.
The net worth of a company is the difference between its assets and liabilities.
- Polytec Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
- Polytec Holding's cash and other short term assets cover its long term commitments.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Polytec Holding Company Filings, last reported 3 months ago.
| Date (Data in EUR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 238.01 | 175.38 | 73.57 |
| 2018-09-30 | 229.90 | 133.26 | 28.58 |
| 2018-06-30 | 224.87 | 136.08 | 41.93 |
| 2018-03-31 | 229.93 | 138.70 | 51.93 |
| 2017-12-31 | 217.49 | 139.93 | 56.90 |
| 2017-09-30 | 210.00 | 143.34 | 55.36 |
| 2017-06-30 | 202.53 | 157.40 | 71.15 |
| 2017-03-31 | 201.36 | 158.31 | 83.51 |
| 2016-12-31 | 189.92 | 153.63 | 79.54 |
| 2016-09-30 | 175.81 | 156.36 | 55.22 |
| 2016-06-30 | 167.76 | 160.82 | 50.65 |
| 2016-03-31 | 167.46 | 166.96 | 50.86 |
| 2015-12-31 | 162.92 | 170.04 | 57.68 |
| 2015-09-30 | 155.91 | 166.74 | 44.89 |
| 2015-06-30 | 150.76 | 171.21 | 47.68 |
| 2015-03-31 | 150.39 | 172.40 | 52.96 |
| 2014-12-31 | 144.29 | 137.09 | 111.95 |
| 2014-09-30 | 141.83 | 151.92 | 143.43 |
| 2014-06-30 | 138.27 | 37.75 | 29.82 |
| 2014-03-31 | 140.35 | 40.66 | 32.32 |
| 2013-12-31 | 137.15 | 34.59 | 34.17 |
| 2013-09-30 | 133.29 | 35.36 | 23.55 |
| 2013-06-30 | 131.10 | 32.60 | 20.85 |
| 2013-03-31 | 135.16 | 22.09 | 29.67 |
| 2012-12-31 | 132.29 | 34.97 | 37.94 |
| 2012-09-30 | 129.35 | 36.58 | 35.59 |
| 2012-06-30 | 125.05 | 37.87 | 40.29 |
- Polytec Holding's level of debt (73.7%) compared to net worth is high (greater than 40%).
- The level of debt compared to net worth has increased over the past 5 years (25.3% vs 73.7% today).
- Debt is not well covered by operating cash flow (17.6%, less than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 12.6x coverage).
Financial health checks
We assess Polytec Holding's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Polytec Holding has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
PYT Dividends
What is Polytec Holding's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
€2,000 of
Polytec Holding
shares you are expected to receive
€78
in your first year as a dividend.
Dividend Amount
- Polytec Holding's pays a higher dividend yield than the bottom 25% of dividend payers in Austria (1.44%).
- Polytec Holding's dividend is below the markets top 25% of dividend payers in Austria (4.62%).
Upcoming dividend payment
Purchase Polytec Holding before the 'Buy Limit' to receive their next dividend payment.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 4 Analyst Estimates (S&P Global) | See Below |
| Europe Auto Components Industry Average Dividend Yield | Market Cap Weighted Average of 34 Stocks | 3.2% |
| Austria Market Average Dividend Yield | Market Cap Weighted Average of 49 Stocks | 3.4% |
| Austria Minimum Threshold Dividend Yield | 10th Percentile | 1.1% |
| Austria Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| Austria Top 25% Dividend Yield | 75th Percentile | 4.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in €) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 0.43 | 2.00 |
| 2020-12-31 | 0.40 | 4.00 |
| 2019-12-31 | 0.40 | 4.00 |
| Date (Data in €) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-03-29 | 0.400 | 4.240 |
| 2018-04-17 | 0.450 | 4.279 |
| 2017-04-06 | 0.400 | 2.281 |
| 2016-04-05 | 0.300 | 3.378 |
| 2015-04-02 | 0.250 | 3.330 |
| 2015-03-26 | 0.250 | 3.103 |
| 2014-04-02 | 0.250 | 3.550 |
| 2013-04-04 | 0.350 | 5.235 |
| 2012-03-30 | 0.350 | 5.770 |
| 2009-10-30 | 0.000 | 0.000 |
| 2009-07-30 | 0.000 | 0.000 |
| 2009-04-30 | 0.000 | 0.000 |
| 2009-04-20 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Polytec Holding has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
- Dividend payments have increased, but Polytec Holding only paid a dividend in the past 7 years.
Income/ dividend checks
We assess Polytec Holding's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Polytec Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Polytec Holding has a total score of 3/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
PYT Management
CEO
| COMPENSATION | €488,000 |
| AGE | 37 |
| TENURE AS CEO | 0.3 years |
CEO Bio
Mr. Markus Huemer has been Chief Executive Officer of Polytec Holding AG since January 1, 2019 and also serves as Chairman of the Board since January 01, 2019. Mr. Huemer served as Chief Operating Officer and Vice President of Business Development at Polytec Holding AG until January 1, 2019. Mr. Huemer served as Deputy Chairman of Polytec Holding AG from January 1, 2014 to December 31, 2018. He serves as a Member of the Supervisory Board at Globe Air AG.
CEO Compensation
- Markus's compensation has been consistent with company performance over the past year.
- Markus's remuneration is about average for companies of similar size in Austria.
Management Team Tenure
Average tenure and age of the Polytec Holding management team in years:
- The average tenure for the Polytec Holding management team is less than 2 years, this suggests a new team.
Management Team
Markus Huemer
Chairman of the Board & CEO
€488K
37
0.3 yrs
Peter Haidenek
CFO & Director
€329K
53
8.2 yrs
Friedrich Huemer
€2M
61
0.3 yrs
Heiko Gabbert
COO & Director
50
0.3 yrs
Peter Bernscher
CSO & Director
50
0.7 yrs
Paul Rettenbacher
Head of Investor Relations
Ulrike Huemer
Head of Industrial Division
59
Michael Pausch
Head of Product Development Composites
Board of Directors Tenure
Average tenure and age of the Polytec Holding board of directors in years:
- The average tenure for the Polytec Holding board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors
Fred Duswald
Chairman of the Supervisory Board
51
11.8 yrs
Manfred Trauth
Deputy Chairman of the Supervisory Board
70
11.8 yrs
Viktoria Kickinger
Member of Supervisory Board
66
13 yrs
Reinhard Schwendtbauer
Member of Supervisory Board
46
9.2 yrs
Robert Büchelhofer
Member of Supervisory Board
76
14.3 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (€) | Value (€) | |
|---|---|---|---|---|---|---|---|---|---|---|
Management checks
We assess Polytec Holding's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Polytec Holding has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
PYT News
Simply Wall St News
Is Polytec Holding AG (VIE:PYT) A Financially Sound Company?
While investors primarily focus on the growth potential and competitive landscape of the small-cap companies, they end up ignoring a key aspect, which could be the biggest threat to its existence: its financial health. … Evaluating financial health as part of your investment thesis is. … We'll look at some basic checks that can form a snapshot the company’s financial strength.
Simply Wall St - – Full articlePolytec Holding AG (VIE:PYT): Are Analysts Right About The Drop In Earnings?
On 31 December 2018, Polytec Holding AG (VIE:PYT) announced its latest earnings update. … with profits predicted to drop by -7.3% next year
Simply Wall St - – Full articleWhy Polytec Holding AG (VIE:PYT) Could Be Worth Watching
saw significant share price movement during recent months on the WBAG, rising to highs of €10.1 and falling to the lows of €8.34. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … A question to answer is whether Polytec Holding's current trading price of €8.43 reflective of the actual value of the?
Simply Wall St - – Full articleThe Polytec Holding Share Price Is Down 45% So Some Shareholders Are Getting Worried
Unfortunately the Polytec Holding AG (VIE:PYT) share price slid 45% over twelve months. … One way to examine how market sentiment has changed over time is to look at the interaction between a company's share price and its earnings per share (EPS). … The P/E ratio of 6.57 also points to the negative market sentiment.
Simply Wall St - – Full articleDid Polytec Holding AG (VIE:PYT) Use Debt To Deliver Its ROE Of 13%?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like to learn about Return On Equity (ROE) and why it is important. … Another way to think of that is that for every €1 worth of equity in the company, it was able to earn €0.13. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleBrief Commentary On Polytec Holding AG's (VIE:PYT) Fundamentals
Help shape the future of investing tools and you could win a $250 gift card! … As an investor, I look for investments which does not compromise one fundamental factor for another. … By this I mean, I look at stocks holistically, from their financial health to their future outlook.
Simply Wall St - – Full articleDo You Know What Polytec Holding AG's (VIE:PYT) P/E Ratio Means?
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). … Based on the last twelve months, Polytec Holding's P/E ratio is 7.17. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleIs Polytec Holding AG (VIE:PYT) A Smart Choice For Dividend Investors?
Over the past 10 years Polytec Holding AG (VIE:PYT) has been paying dividends to shareholders. … The company currently pays out a dividend yield of 4.6% to shareholders, making it a relatively attractive dividend stock. … Does Polytec Holding tick all the boxes of a great dividend stock?
Simply Wall St - – Full articleWhat You Must Know About Polytec Holding AG's (VIE:PYT) Financial Strength
Investors are always looking for growth in small-cap stocks like Polytec Holding AG (VIE:PYT), with a market cap of €203m. … However, an important fact which most ignore is: how financially healthy is the business? … I believe these basic checks tell most of the story you need to know.
Simply Wall St - – Full articleDo Insiders Own Shares In Polytec Holding AG (VIE:PYT)?
A look at the shareholders of Polytec Holding AG (VIE:PYT) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … With a market capitalization of €188m, Polytec Holding is a small cap stock, so it might not be well known by many institutional investors.
Simply Wall St - – Full articlePYT Company Info
Description
Polytec Holding AG, together with its subsidiaries, manufactures and sells engine bay or vehicle exterior components and modules for the automotive industry in Austria, Germany, Rest of European Union, and internationally. The company offers passenger car engine parts, including battery panels, timing belt protections, cooling water tubes, engine and water box covers, oil pans, charge-air ducts, fuel distributor rails, electronic boxes, air separator vent pipes, brake fluid reservoirs, chain adjustment systems, expansion pressure systems, cylinder head covers, intake manifolds, and crank case vents. It also provides interior parts, such as trunk load floors, cargo step protection, and trunk lid covers; and non-automotive products comprising drainage systems, transport boxes, and modules of home appliances. In addition, the company offers roof spoilers, cabin steps and tractor fenders, cabin roofs, front lids, side deflectors, bumpers, cab corners, tractor engine hoods; and valve covers, oil pans, and wiring inlet casings for commercial vehicles. Further, it provides trunk lids, tonneau covers, rear spoilers, and scuttle panels, as well as propeller shaft guards, mounting supports, under body shields, and aerodynamic resistance panels for passenger cars; and solar panel frames, conductor rail carriers, parabol reflectors, illumination technology, ground plates, and conveyor and storage systems for other vehicles. Additionally, the company offers original accessories, and small series parts and systems for the automotive industry; and plastic molded parts and polyurethane coatings for various industrial applications. Polytec Holding AG was founded in 1986 and is headquartered in Hörsching, Austria.
Details
| Name: | Polytec Holding AG |
| PYT | |
| Exchange: | WBAG |
| Founded: | 1986 |
| €226,994,014 | |
| 21,995,544 | |
| Website: | http://www.polytec-group.com |
| Address: |
Polytec Holding AG Polytec-Strasse 1, Hörsching, Upper Austria, 4063, Austria |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| WBAG | PYT | Ordinary Shares | Wiener Boerse AG | AT | EUR | 28. Apr 2006 | |
| DB | P4N | Ordinary Shares | Deutsche Boerse AG | DE | EUR | 28. Apr 2006 | |
| LSE | 0GOX | Ordinary Shares | London Stock Exchange | GB | EUR | 28. Apr 2006 | |
| BATS-CHIXE | PYTV | Ordinary Shares | BATS 'Chi-X Europe' | GB | EUR | 28. Apr 2006 |
Number of employees
Current staff
Industry
| Auto Parts and Equipment | |
| Automobiles |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/18 21:01 |
| End of day share price update: | 2019/04/18 00:00 |
| Last estimates confirmation: | 2019/04/05 |
| Last earnings filing: | 2019/03/29 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
